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Determine the size of the semi-annual payments

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Question - Manexa Corporation borrowed ?$69,000.00 at 4?% compounded semi-annually for 11 years to buy a warehouse. Equal payments are made at the end of every 6 months.

(a) Determine the size of the semi-annual payments.

(b) Compute the interest included in payment 10

(c) Determine the principal repaid in payment period 9

(d) Construct a partial amortization schedule showing details of the first three? payments, the last three? payments, and totals.

Reference no: EM133172753

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